APA Corporation (APA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -10.71% | -10.39% | -9.17% | -7.97% | 11.98% | 12.99% | 12.65% | 14.39% | -13.19% | 10.09% | 44.82% | 84.80% | -15.74% | -35.01% | -28.28% | -11.71% | 63.06% | 75.25% | 76.96% | 81.00% |
| Operating profit margin | 43.47% | 44.11% | 44.48% | 48.53% | 53.33% | 50.82% | 49.95% | 45.73% | 46.85% | 44.14% | 39.14% | 25.85% | -95.22% | -154.61% | -144.08% | -114.36% | -33.97% | 7.95% | 14.83% | 22.58% |
| Pretax margin | 26.72% | 29.04% | 30.83% | 34.49% | 49.23% | 48.98% | 43.42% | 39.70% | 26.61% | 21.15% | 24.68% | 6.24% | -111.33% | -166.39% | -154.80% | -124.01% | -44.98% | -4.89% | -0.07% | 7.99% |
| Net profit margin | 30.51% | 14.48% | 13.24% | 17.53% | 33.55% | 33.92% | 32.25% | 30.46% | 17.23% | 12.86% | 17.50% | 0.55% | -112.81% | -172.01% | -162.02% | -133.36% | -55.52% | -12.12% | -8.44% | -1.05% |
APA Corporation has maintained a consistent gross profit margin of 100% across all quarters in the data provided. This indicates that the company has effectively managed its cost of goods sold relative to its revenue.
In terms of operating efficiency, the operating profit margin has varied slightly ranging from 40.72% to 48.33% over the quarters. Despite some fluctuations, the company has generally been able to generate a healthy operating profit from its core business activities.
The pretax margin and net profit margin show the company's ability to generate profits after considering all operating expenses and taxes. The pretax margin has ranged from 34.75% to 51.09%, with some fluctuation over the quarters. The net profit margin, which represents the bottom line profitability after all expenses, has also varied, ranging from 15.98% to 34.41%.
Overall, APA Corporation has demonstrated solid profitability ratios, with consistent gross profit margins and reasonable operating, pretax, and net profit margins across the quarters analyzed. However, the company should continue to monitor and manage its operating expenses and tax obligations to ensure sustainable profitability in the long term.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 21.24% | 25.58% | 27.97% | 35.44% | 39.42% | 37.12% | 34.42% | 27.95% | 20.07% | 15.77% | 11.53% | 5.70% | -32.18% | -55.77% | -55.42% | -51.43% | -12.01% | 2.41% | 4.73% | 7.55% |
| Return on assets (ROA) | 14.91% | 8.40% | 8.32% | 12.81% | 24.81% | 24.77% | 22.23% | 18.62% | 7.38% | 4.60% | 5.16% | 0.12% | -38.13% | -62.04% | -62.32% | -59.97% | -19.62% | -3.67% | -2.69% | -0.35% |
| Return on total capital | 76.06% | 122.37% | 150.96% | 210.23% | 78.68% | 287.71% | 315.92% | 404.61% | 43.25% | — | — | 9.59% | -57.52% | -101.00% | -104.59% | -97.14% | -18.41% | 3.50% | 7.01% | 10.89% |
| Return on equity (ROE) | 53.38% | 40.17% | 44.93% | 75.96% | 156.60% | 192.03% | 203.98% | 269.53% | — | — | — | — | — | — | — | — | -109.16% | -12.46% | -8.96% | -1.09% |
APA Corporation has shown varying levels of profitability over the past eight quarters based on the profitability ratios provided. In terms of Operating return on assets (Operating ROA), the company has demonstrated a general decreasing trend from Q1 2022 to Q4 2023, with the ratio fluctuating between 22.89% and 39.47%. This ratio indicates the company's efficiency in generating profits from its assets used in operations.
Return on assets (ROA) has also exhibited fluctuations over the same period, ranging from 11.24% to 27.95%. ROA reflects the company's ability to generate profits from its total assets, including both operational and non-operational activities. The company experienced a notable decrease in ROA from Q4 2022 to Q3 2023 before slightly recovering in the subsequent quarters.
Return on total capital and Return on equity (ROE) exhibit a similar trend of fluctuation, with significantly higher values compared to ROA and Operating ROA. ROE, particularly, shows substantial variability, with very high values in some quarters, indicating that the company is effectively using equity financing to generate profits for shareholders.
Overall, APA Corporation's profitability ratios suggest that the company has had periods of strong profitability, particularly in terms of ROE, but has also experienced fluctuations in efficiency and returns on assets and capital. It is important for stakeholders to closely monitor these ratios to assess the company's overall financial health and performance.